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Core PCE inflation hits 3.4%, highest since 2023; raises Fed rate cut doubts
PCE inflation rose to 4.1% while core PCE reached 3.4%, its highest level since 2023, raising concerns that Fed rate cuts could be delayed.
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nbcnews.com
Inflation report could fuel concerns over higher interest rates, even as oil prices fall
The Personal Consumption Expenditures index is the Fed’s favorite gauge of price increases.
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investors.com
PCE Inflation Data Hot But Falling Oil Prices Calm Fed Fears
Ahead of the report, markets leaned to a rate hike by the Sept. 16 Fed meeting.
